EU Leaders Pour More Cold Water On Equivalence As Brexit Looms

Senior European figures are downplaying the possibilities of a comprehensive post-Brexit agreement on financial services as the January 31 exit date approaches.

At the end of the month, after a series of delays — and almost three years after it voted to do so — the UK will cease to be a member state of the European Union.

Much of the time between then and now has been filled with more or less civil debate on the nature of the two jurisdictions’ relationship when it comes to financial services, and how significantly the two will diverge on regulations.

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